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Aug 10, 2013
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you're right in your description of detroit but detroit is kind of one of a kind. it is actually a mistake. there are people who said that. none of them are on this panel. it is a mistake to say we're all greek -- we're all greece or we're all detroit. detroit with its declining tax base, that is really at the heart of many of the problems we're seeing here other cities don't quite face that. and there are bad actors but there are also good actors. it is clear that almost no pension plan is fully funded. almost no pension plan is fully funded. once you get on 80% or 90%, you're in very good shape. >> maybe that's what we need to change. >> i would point out that part of the reason you don't have overfunded pension funds is that government regulations discourage funds from having more than 80% or 90%. that's a real problem. you get years like 2007 or 1999 where you've got a big booming market. and then the irs says disgorge all these extra overfunding that you have. and then when the market crashes, as everyone knew it would, a lot of these ended up in problems. i a
you're right in your description of detroit but detroit is kind of one of a kind. it is actually a mistake. there are people who said that. none of them are on this panel. it is a mistake to say we're all greek -- we're all greece or we're all detroit. detroit with its declining tax base, that is really at the heart of many of the problems we're seeing here other cities don't quite face that. and there are bad actors but there are also good actors. it is clear that almost no pension plan is...
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Aug 11, 2013
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detroit, the average pension in detroit is under $20,000. cops in ann arbor cost 50% more than cops in detroit. >> well, this is an attack on organize the labor. >> absolutely. >> it's an attack to really break down the voting bloc as well. there's a number of different accomplishments that could come to fruition throughout all of this. >> yes. >> it all starts with the bankruptcy and it all starts with a takeover of an election. it's really sad what's going on. i hope america pays attention. thanks so much for joining us tonight. >> thank you. >>> marriage equality comes to the keystone state of pennsylvania. we talk to a pennsylvania mayor who's leading the charge. >>> and senator marco rubio heads to his home turf with a phony grassroots campaign. we'll look at what really -- what he hopes to accomplish, ahead. >>> next, i'm taking your questions on "ask ed live." that's my favorite segment. and if you do it. and your friends do it. and their friends do it... soon we'll be walking our way to awareness, support and an end to alzheimer's di
detroit, the average pension in detroit is under $20,000. cops in ann arbor cost 50% more than cops in detroit. >> well, this is an attack on organize the labor. >> absolutely. >> it's an attack to really break down the voting bloc as well. there's a number of different accomplishments that could come to fruition throughout all of this. >> yes. >> it all starts with the bankruptcy and it all starts with a takeover of an election. it's really sad what's going on. i...
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Aug 1, 2013
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the average negligence detroit -- average pension in detroit is $19,000. hardly lavish. the pensions and i would argue we have to save detroit. >> neil: a lot of cities in line. i'm not blaming unions. a lot of inept imaginer -- managers that let his happened but unfunded high schools that can't -- unopportunitied liabilities. you have a host of other u.s. cities in arrears, a number of states on the brink. where do you draw the line? >> the problem in detroit is similar to other stays and that's a conscious effort to deindustrialize america. these are primarily industrial cities. and when we moved production offshore, we lost good-paying jobs -- >> neil: i understand that but it happened. we can blame a lot of people. but it's done. now what do you do to correct that? >> and we lost two-thirds of the population. there's no enter prize in america that can do well,. >> neil: where is the money going to come from? >> we bailed out the banks. and those folks are doing better now than they've ever been. >> neil: bailed out the auto company. >> we gave them a bridge loan. so
the average negligence detroit -- average pension in detroit is $19,000. hardly lavish. the pensions and i would argue we have to save detroit. >> neil: a lot of cities in line. i'm not blaming unions. a lot of inept imaginer -- managers that let his happened but unfunded high schools that can't -- unopportunitied liabilities. you have a host of other u.s. cities in arrears, a number of states on the brink. where do you draw the line? >> the problem in detroit is similar to other...
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Aug 12, 2013
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>> hie, yeah, charles, on the detroit thing, because i'm from detroit, i'm in detroit. i have to say one thick about that check. yes, we know that was a big mistake, one million in the drawer, you know, kind of like the 13 billion dollars that went poof in the bush administration in iraq. >> nancy, come on. nancy. >> you know, what was not breaking news, what was not national news is we had an election, a mayor primary, the election last week, and in the city of 80% black population, a white guy, a write-in won, a guy who turned around eight hospitals, mike dougin won in a city of 80% african-american people. why is that not big news? that, you know, somebody because of the fiscal abilities was elected by the people of detroit, so to just say go back to the old, oh, a check missing in the drawer. >> in reality, though, to talk about fixing anything, i don't care what it is, an alcoholic or whatever it is, first and foremost, admit you have a problem. i think you, to a certain problem did that by electing someone that may be the city might not have elected before. this i
>> hie, yeah, charles, on the detroit thing, because i'm from detroit, i'm in detroit. i have to say one thick about that check. yes, we know that was a big mistake, one million in the drawer, you know, kind of like the 13 billion dollars that went poof in the bush administration in iraq. >> nancy, come on. nancy. >> you know, what was not breaking news, what was not national news is we had an election, a mayor primary, the election last week, and in the city of 80% black...
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Aug 15, 2013
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. >>> also, is new york city on the brink of a detroit-style bankruptcy? new york city has been on the brink in the past. the warning from the mayor mike bloomberg that just came down. a question that's surfacing today, is this real? is this really where new york city is today, or is this somehow just a scare tactic from the mayor? we're live with that story next. ♪ ♪ we've been bringing people together. today, we'd like people to come together on something that concerns all of us. obesity. and as the nation's leading beverage company, we can play an important role. that includes continually providing more options. giving people easy ways to help make informed choices. and offering portion controlled versions of our most popular drinks. it also means working with our industry to voluntarily change what's offered in schools. but beating obesity will take continued action by all of us, based on one simple common sense fact... all calories count. and if you eat and drink more calories than you burn off, you'll gain weight. that goes for coca-cola, and eve
. >>> also, is new york city on the brink of a detroit-style bankruptcy? new york city has been on the brink in the past. the warning from the mayor mike bloomberg that just came down. a question that's surfacing today, is this real? is this really where new york city is today, or is this somehow just a scare tactic from the mayor? we're live with that story next. ♪ ♪ we've been bringing people together. today, we'd like people to come together on something that concerns all of us....
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Aug 11, 2013
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. ♪ ♪ >> david: well, first detroit goes bust. will new york and chicago be next? the mayors of those two cities warning that their public pension costs are growing totally out of control, which is really what did in detroit. and many other cities are facing the same time bomb. is this proof it's time to scrap public pensions before they all go bust? hi, everybody. i'm dad asman. welcome to "forbes on fox." let's go in focus wi steve forbes, john candy, rich carlguard, elizabeth mc donald. should we scrap the public pensions? >> yes. get rid of them. what is public service? a sacrifice. it's supposed to be a short-term sacrifice before you go to the private sector to produce real economic growth. the problem now with high government pay and the big pension plans is we're creating life long government workers that are a burden on the people working in the real economy. if you get rid of them, they have incentive to get in the real world and cities will no longer have pension problems. >> david: well, rick, and the pension problems are just enmous. new york city, jus
. ♪ ♪ >> david: well, first detroit goes bust. will new york and chicago be next? the mayors of those two cities warning that their public pension costs are growing totally out of control, which is really what did in detroit. and many other cities are facing the same time bomb. is this proof it's time to scrap public pensions before they all go bust? hi, everybody. i'm dad asman. welcome to "forbes on fox." let's go in focus wi steve forbes, john candy, rich carlguard,...
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it is interesting because we do look and say it for the detroit. i don't think people realize they are sitting on something very similar. >> this is something that is going to happen in cities and states all across america. what we see in detroit is a precursor for the fiscal calamities that are going to occur because of unsustainable pensions and unaffordable health care costs. these have added up and we will have to pay for it one way or the other. liz: we are talking about is pensions, what we haven't talked about are the health benefits owed to government workers. i think the american people, the viewers think of themselves we are and are breaking point with property taxes and we won't pay for necessities have to merge with each of the. we are seeing that in california where cities are merging to take care of the cost of urban sprawl which is too expensive and doesn't work. >> these costs of course are not going away no matter how you restructure its things and you're absolutely right. when it comes to health care costs the unfunded liability f
it is interesting because we do look and say it for the detroit. i don't think people realize they are sitting on something very similar. >> this is something that is going to happen in cities and states all across america. what we see in detroit is a precursor for the fiscal calamities that are going to occur because of unsustainable pensions and unaffordable health care costs. these have added up and we will have to pay for it one way or the other. liz: we are talking about is pensions,...
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Aug 3, 2013
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riots in 1967 detroit and mayor young caused a white flight to sub suburb-ia and detroit is left with nothing but liberal democrats running it. it is what it is. any place in this country that has similar circumstances, the same fate is going to happen to them. now what was your other thing about poverty? >> poverty. lbj said the war on poverty, we're going to have legislation to try to eradicate. the poverty's growing. it's not getting better. there are a lot of people suffering. >> yeah, imagine that. and it's been the number one issue of the democrat party out of their mouths for well, since 1964 when lbj first started it. poverty percentage-wise the same number of people. in fact under obama it's gotten worse. four out of five american families are experiencing poverty. 9 million jobs have been lost. pardon me. since obama took office. 9 million. they're just gone. because of his policies. well, the arena ideas this is what the republican is not standing up. they're not pushing back. they're not articulating what is the opposite of this. and one of the things, i mean, you can poin
riots in 1967 detroit and mayor young caused a white flight to sub suburb-ia and detroit is left with nothing but liberal democrats running it. it is what it is. any place in this country that has similar circumstances, the same fate is going to happen to them. now what was your other thing about poverty? >> poverty. lbj said the war on poverty, we're going to have legislation to try to eradicate. the poverty's growing. it's not getting better. there are a lot of people suffering....
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. >> republican promises and lies were at the core of the destruction of detroit. you have to admit that outsourcing and laying money offshore and not paying taxes, that's a republican thing. >> so no republican governance at all in that city since 1961. one republican councilmember, same congressman, john dingle for 57 years, since he was 29. tax and spend policies. city pensions, benefits handed out, the largest chunk, and it is all the republicans. >> really? that's an old progressive trick which is to blame the federal government or reagan or some long lost republican administration for what is happening locally as though local leaders have no responsibility. they've done that in other places. not just detroit. talked to people in oakland. do they blame who they've elected in oakland? no. they've blamed someone else, somewhere else. republicans are an easy target. >> let's go. and i jokingly said it. liz cheney, the daughter of vice president cheney, she is now getting attacked. and this is also one of the other haters out there. mike malloy. >> the vampire's d
. >> republican promises and lies were at the core of the destruction of detroit. you have to admit that outsourcing and laying money offshore and not paying taxes, that's a republican thing. >> so no republican governance at all in that city since 1961. one republican councilmember, same congressman, john dingle for 57 years, since he was 29. tax and spend policies. city pensions, benefits handed out, the largest chunk, and it is all the republicans. >> really? that's an old...
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Aug 1, 2013
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and very recently just in the last few weeks detroit, the city of detroit, filed for bankruptcy, the largest municipal bankruptcy in u.s. history. other large states and local communities are teetering on the verge of bankruptcy. many states in horrible fiscal situations like california and illinois. meanwhile, mr. president, we are are not in a fundamentally sounder place here in washington at the federal level. even if we stick to the budget control act numbers -- and that's very much up in the air, but even if we stick to those numbers, congress will spend $967 billion in discretionary money this year and that will result in an $810 billion deficit, almost a trillion-dollar deficit this year. this nation total is almost $17 trillion in debt, and the federal reserve, its balance sheet has swollen from $800 billion in august of 2007 to over $3.5 trillion today. and so, mr. president, now more than ever, s. 101, the state and local government bailout prevention act, is appropriate, is needed, and that's why i come to the floor today to urge expeditious passage of s. 101. this bill is
and very recently just in the last few weeks detroit, the city of detroit, filed for bankruptcy, the largest municipal bankruptcy in u.s. history. other large states and local communities are teetering on the verge of bankruptcy. many states in horrible fiscal situations like california and illinois. meanwhile, mr. president, we are are not in a fundamentally sounder place here in washington at the federal level. even if we stick to the budget control act numbers -- and that's very much up in...
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Aug 25, 2013
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it is like they want us to be detroit. we did not vote for him. he got no votes from this state. thank you, obama. we are paying for it. he does an in run around everybody. what can we do to get oklahomans working, to get these things implement it without them sitting up there and saying, this is what you are going to do. instead of the people that own this country telling them what to do. [applause] >> you know, i would tell you, do not blame it all on obama. they were uncontrolled bureaucracies under george bush. i experienced them. you did, too. it goes back to the thing we started with. this government is on -- out of control. it has been predicted by historians our republic would fail. the question is, how do we cheat history? how do we go back? how do we re-embraced the things that made america great? as i said earlier, we have to get in charge. i have been working for nine years to try to make a big difference. i have made a small difference, not a big difference. i worked to starty -- reassessing -- [applause] changes to the constitution there restore federalism and the c
it is like they want us to be detroit. we did not vote for him. he got no votes from this state. thank you, obama. we are paying for it. he does an in run around everybody. what can we do to get oklahomans working, to get these things implement it without them sitting up there and saying, this is what you are going to do. instead of the people that own this country telling them what to do. [applause] >> you know, i would tell you, do not blame it all on obama. they were uncontrolled...
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Aug 5, 2013
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. >> robert with the latest on detroit's art collection. now, about 45 minutes to go before the closing bell and dow is sitting down about 45 points. >> big news out of china. the government there reportedly considering its one-child-only policy -- or reconsidering, which could have a huge global economic impact. that story is next. >>> then, the street battle that seems to be targeting hedge fund bill ackman is heating up again. now, george's fund is involved and now ackman is throwing out accusations like insider trading. we'll get you the details on that. >>> and another hedge fund battle, the fallout after george clooney's harsh words for dan loeb saying wall street guys know nothing about the movie business, but who funds much of the movie business? we'll talk to a hollywood movie producer about where the movie money comes from and how much of it is from wall street. you may be surprised by those facts. [ male announcer ] come to the lexus golden opportunity sales event and choose from one of five lexus hybrids that's right for you, in
. >> robert with the latest on detroit's art collection. now, about 45 minutes to go before the closing bell and dow is sitting down about 45 points. >> big news out of china. the government there reportedly considering its one-child-only policy -- or reconsidering, which could have a huge global economic impact. that story is next. >>> then, the street battle that seems to be targeting hedge fund bill ackman is heating up again. now, george's fund is involved and now...
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Aug 30, 2013
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we can look close by at detroit. folks, that is a picture of where liberal, progressive ideas go. was america's premier city. highest per capita income in the country. it was the pride of our country in the auto business, with unions growing, higher taxes, more regulation, as you saw these liberal, progressive ideas that were supposed to help the poor and grow the middle class, what have we been left with in detroit? 40%.loyment about has it helps children get a better education? percent of children in the eighth grade read at the grade level. the prosperity that they talk about when a third of the buildings are empty? you have got 400 liquor stores, and until a few weeks ago, not one chain supermarket in what was america's premier city. state of illinois and california and other states that are following those policies are not close behind into some form of bankruptcy. ideas are being showcased all over the country. and you create more choices competition in education, people thrive, and children get a better education. [applause] liberals who are now for choice in education beca
we can look close by at detroit. folks, that is a picture of where liberal, progressive ideas go. was america's premier city. highest per capita income in the country. it was the pride of our country in the auto business, with unions growing, higher taxes, more regulation, as you saw these liberal, progressive ideas that were supposed to help the poor and grow the middle class, what have we been left with in detroit? 40%.loyment about has it helps children get a better education? percent of...
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the idea here and this is the day of course i don't know if you heard this but detroit announced bankruptcy today. that is the top story today. so the goal is to have the cities find a way to grab ahold of that suburban tax money and bring it into the city. so the bottom line is that barack obama wants to redistribute the wealth of america's suburbs to the city. to see the radical file community organizers who mentored and trained barack obama all those years ago in chicago they really didn't like the suburbs. in fact their ultimate goal was literally to abolish the suburbs. why were obama's radical organizing mentors so upset about the suburbs? they blamed the suburbs for the problems of the city because when people move out to the suburbs, they take their tax money with them. so obama's radical organizers put on their thinking caps and came up with a strategy for the economic and political independence of america. and as the strategies came, a movement called the regional equity movement, the regional equity movement sometimes is just called regionalism for short. it goes under different
the idea here and this is the day of course i don't know if you heard this but detroit announced bankruptcy today. that is the top story today. so the goal is to have the cities find a way to grab ahold of that suburban tax money and bring it into the city. so the bottom line is that barack obama wants to redistribute the wealth of america's suburbs to the city. to see the radical file community organizers who mentored and trained barack obama all those years ago in chicago they really didn't...
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it is in trouble like every state in the nation, but no shape like detroit. you want to be here in the summer in chicago. if i moved, i would probably move in the winter. stuart: it is a friday morning and summer. i see people ripping up contracts behind you and chucking it behind you. larry, the fed is still all about when ben quits or reduces printing, isn't it? >> where the dallas fed president the last couple of days talk about how complicated of a situation this is. that is looking the market little bit but not a whole lot. the stock index trading bejg me still sitting at all-time highs. wwe're thinking but when is bernanke going to be talking about it. that is when the market will really get spooked and lose a lot of ground. stuart: thank you very much, indeed, out there in chicago. the opening bell is ringing. we expect the (to be lower, and it is. this will be a slow trading session, a thin market, thinly traded, but expecting 30 points down in the first few minutes. i want to know about priceline. the stock has been up by about a half this year. had
it is in trouble like every state in the nation, but no shape like detroit. you want to be here in the summer in chicago. if i moved, i would probably move in the winter. stuart: it is a friday morning and summer. i see people ripping up contracts behind you and chucking it behind you. larry, the fed is still all about when ben quits or reduces printing, isn't it? >> where the dallas fed president the last couple of days talk about how complicated of a situation this is. that is looking...
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Aug 2, 2013
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jon: very quickly, look at detroit. detroit declared bankruptcy in part because it has so many mandates to fund pensions and so forth that it cannot afford to pay -- >> right. jon: same kind of thing the federal government is facing. >> although the federal government has a magical printing press, jon, but you can't do that without consequence. so we do have to get this government and spending under control. jon: monica crowley, thank you. >> you bet, thanks. alisyn: well, a controversial program shaping up in california. suspects swapping their dna for a taste of freedom. coming up, we take a closer look at this. >>> and wooly mammoths roamed the earth tens of thousands of years ago, but could these prehistoric beasts be revived? one scientist is considering cloning the ice age giants. alisyn: right now orange county, california, playing let's make a deal with suspects: hand me other a sample of your dna, and you could go free in certain cases. will carr joins us live from our los angeles bureau with more. >> reporter:
jon: very quickly, look at detroit. detroit declared bankruptcy in part because it has so many mandates to fund pensions and so forth that it cannot afford to pay -- >> right. jon: same kind of thing the federal government is facing. >> although the federal government has a magical printing press, jon, but you can't do that without consequence. so we do have to get this government and spending under control. jon: monica crowley, thank you. >> you bet, thanks. alisyn: well, a...
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. >>> detroit's top police brass blushing big-time, with the department accidentally revealed about its women officers. you don't want to miss this. ♪ [ bottle ] okay, listen up! i'm here to get the lady of the house back on her feet. [ all gasp ] oj, veggies you're cool. mayo? corn dogs? you are so outta here! aah! 'cause i'm re-workin' the menu, keeping her healthy and you on your toes. [ female announcer ] the complete balanced nutrition of great-tasting ensure. 24 vitamins and minerals, antioxidants, and 9 grams of protein. i see you, cupcake! uh-oh! [ bottle ] the number one doctor recommended brand. ensure®. nutrition in charge™. grrrrreat outdoors,number one and a great deal.ended brand. ahhh let's leave the deals to hotels.com. perfect! yep, and no angry bears. up to 30% off. only at hotels.com. jon: well "happening now," some of the biggest names in the republican party converging on boston. new jersey governor chris christie, former speaker of house, newt gingrich and republican national committee chairman reince priebus set to speak at the gop annual summer gathering. bu
. >>> detroit's top police brass blushing big-time, with the department accidentally revealed about its women officers. you don't want to miss this. ♪ [ bottle ] okay, listen up! i'm here to get the lady of the house back on her feet. [ all gasp ] oj, veggies you're cool. mayo? corn dogs? you are so outta here! aah! 'cause i'm re-workin' the menu, keeping her healthy and you on your toes. [ female announcer ] the complete balanced nutrition of great-tasting ensure. 24 vitamins and...
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Aug 20, 2013
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it started right here on the banks of the detroit river in detroit, michigan, and yes, that is a giant nasty pile of something called pet coke. back in may "the new york times" highlighted what they described as a black mound of canadian oil waste rising over detroit. that oil waste is something called petroleum coke, a high sulfur, high carbon waste by-product of canadian oil sands. the pet coke that residents started spotting was put there by a company that owned it, a company call koch carbon, owned by the koch brothers. they started piling up all of this pet coke on banks of the detroit river before preparing to ship it off to other countries to be used as fuel. in addition to be a hideous eye sore, the pile also posed a potential health risk. we've got some video shot last month. look at this. look at that along the banks of the detroit river showing the black dust from the pet coke pile being kicked up in a storm that hit the area and just spreading everywhere. that black dust started blowing into nearby homes in detroit coming right through the windows. one local resident tellin
it started right here on the banks of the detroit river in detroit, michigan, and yes, that is a giant nasty pile of something called pet coke. back in may "the new york times" highlighted what they described as a black mound of canadian oil waste rising over detroit. that oil waste is something called petroleum coke, a high sulfur, high carbon waste by-product of canadian oil sands. the pet coke that residents started spotting was put there by a company that owned it, a company call...
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let detroit go, i'm telling you it will not happen. it will be some sort of a rescue that you will never know. but they will be rescued. we will see you tomorrow. every. i'm gerri willis. night on "the willis report" obamacare just went up again. and new warni for one group of patients in particula also, from bad thanks to news that the tsa is running wild. is good customer service debt and america? and the e fi things you should never buy at the supermarket. the outrageous markups on some of the most popular brands. we're watching out for you tonight on "the willis report." ♪ gerri: all that and more, but first our toptory tonight. new allegations that big banks are using big data ted discriminate against low-income customers tt they believe are mostikely to overdraft they're checking accouounts or bounce chks. big banks argue they're using the data bases to avoid fraud artists. here to weigh in, editor in chief of american banker and former vice president of goldman. i'm going to start with you. allegations tonight in the new york
let detroit go, i'm telling you it will not happen. it will be some sort of a rescue that you will never know. but they will be rescued. we will see you tomorrow. every. i'm gerri willis. night on "the willis report" obamacare just went up again. and new warni for one group of patients in particula also, from bad thanks to news that the tsa is running wild. is good customer service debt and america? and the e fi things you should never buy at the supermarket. the outrageous markups on...
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Aug 18, 2013
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ask that question is what do you think martin luther king would be saying about what has unfolded in detroit? >> well, i think obviously he would be very concerned. he would be outraged today that in america, black youth unemployment is close to 40% and real unemployment in this country is 14%. he talked about and led and moved toward that march on washington, that poor people's march at the time that he died, what he was talking about is an economy of full employment. massive investment in job creation and not just for african-americans. he was bringing together hispanics, poor whites and he was saying we have got to stand together and too often, ed, we forget about that aspect about martin luther king jr. and we simply focus on his enormously effective work in desegregating america. >> that day, what was the mood like? if you have to capture the emotion and memory about what that day was like, what would you say? >> enormous optimism, enormous excitement about the fact that so many people of all colors, of all ages came together in washington, d.c. that was unprecedented up until that poin
ask that question is what do you think martin luther king would be saying about what has unfolded in detroit? >> well, i think obviously he would be very concerned. he would be outraged today that in america, black youth unemployment is close to 40% and real unemployment in this country is 14%. he talked about and led and moved toward that march on washington, that poor people's march at the time that he died, what he was talking about is an economy of full employment. massive investment...
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Aug 30, 2013
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and bankrupt detroit's mcdonald closed. what, have you got anything to say about this $15 an hour fast food wage? >> this is unbelievable, stuart. it's so easy for the unions and politicians to go after multi-billion dollar corporations, these ceo's, who this has nothing to do with mcdonald's. they don't control the franchise wage scale. so you have mom and pop stores that are affected by this. less than 5% of fast food workers are affected by minimum wage. the average minimum wage worker in the united states, the family brings in $53,000 a year, and this is a grab and they're trying to get it through the minimum wage argument. stuart: relax, john, you've got the beach behind you and you'll be there i'm sure. >> yes, sir. stuart: he's in bermuda. great weekend to you. the top of the hour we've got the man who wrote the book on unions. and does he think this administration is going to cave to the recent union demands for obama care changes? he's coming up, top of the hour. a big question on obama care. two people on this sho
and bankrupt detroit's mcdonald closed. what, have you got anything to say about this $15 an hour fast food wage? >> this is unbelievable, stuart. it's so easy for the unions and politicians to go after multi-billion dollar corporations, these ceo's, who this has nothing to do with mcdonald's. they don't control the franchise wage scale. so you have mom and pop stores that are affected by this. less than 5% of fast food workers are affected by minimum wage. the average minimum wage worker...
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and another reason to defund this is the city of detroit, which is bankrupt, they want to fund some of their bailout by dumping people onto obamacare and the funding stream. >> congressmen, there are some of your colleagues that seem timid. they think maybe this is the wrong strategy. i had a debate earlier this week with carl rove. he thinks it's the worst law that was passed in our time. i agree with him. and he said it was sold and p d predicated on a whole bunch of lies told by the american people, but he thinks strategically it should be done different, not through the efforts of defunding. every conservative i know wants republicans to defund it. where are your colleagues on this? >> it may literally be the only tool in the tool box to try to keep the train wreck from happening. and, you know, look, you see the train wreck coming down the track, aren't you going to try to do something to keep that from occurring? the law was never popular, it's never enjoyed a popular support. it's going to get worse when people understand -- right now you go to healthcare.gov in my state and try
and another reason to defund this is the city of detroit, which is bankrupt, they want to fund some of their bailout by dumping people onto obamacare and the funding stream. >> congressmen, there are some of your colleagues that seem timid. they think maybe this is the wrong strategy. i had a debate earlier this week with carl rove. he thinks it's the worst law that was passed in our time. i agree with him. and he said it was sold and p d predicated on a whole bunch of lies told by the...
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Aug 30, 2013
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detroit on the rebound question mark there? federal, state and local officials are kicking off a new campaign spending more than $50 million to tear down thousands of abandoned buildings in order to help revive some of the city's hardest hit areas. let's talk about this. garrett tenney is live for us in the motor city. the big question is, is this going to help? >> reporter: well, heather of the goal of this program is to stablize neighborhoods and redice foreclosures like taking homes like these and making them look like this. stay away and scrappers will be shot. signs like these are common site in neighborhoods all across the motor city where there are more than 78,000 abandoned homes. most of them fallout from the housing crisis. more than 30 of those homes are on robert couch's small street and have become magnets for squatters, scrappers and criminals. >> bring our neighborhood down, our community down. it ain't no community. we tried to do what we can as neighbors. neighbors can't do it all by their self. >> reporter: no
detroit on the rebound question mark there? federal, state and local officials are kicking off a new campaign spending more than $50 million to tear down thousands of abandoned buildings in order to help revive some of the city's hardest hit areas. let's talk about this. garrett tenney is live for us in the motor city. the big question is, is this going to help? >> reporter: well, heather of the goal of this program is to stablize neighborhoods and redice foreclosures like taking homes...
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Aug 2, 2013
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outside detroit in the states and around the world. so the direct impact on the industry will be quite, you know, minimal, but the people that work for gm live in detroit and obviously that's an area of concern for us, but, you know, from the perspective of auto sales and the performance of the industry and its employment, you'll not see much of the impact if any. >> we'll leave it there. thank you so much. we'll see you soon. >>> coming up next, what does the earnings report mean for ben bernanke. former fed governor randall kroszner will give us his take. >>> then he was once the richest man. iky batista has lost some $33 billion in 16 months. we'll find out what happened. >>> then millions of time warner customers are less than an hour away from losing all cbs programming. 'll get the very latest. >>> plus, oscar-winning actor george clooney is not in the air when it comes to dan loeb, the activist investor. he's slamming dan loeb for what he sees as meddling in the sony movie business. stay with us. we'll be back in a moment. a tal
outside detroit in the states and around the world. so the direct impact on the industry will be quite, you know, minimal, but the people that work for gm live in detroit and obviously that's an area of concern for us, but, you know, from the perspective of auto sales and the performance of the industry and its employment, you'll not see much of the impact if any. >> we'll leave it there. thank you so much. we'll see you soon. >>> coming up next, what does the earnings report...
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Aug 9, 2013
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. >> detroit deserves to have unfriendly residents right now. i don't even think it has to do with politics. it has to do with -- well. it has to do with politics. the city is bankrupt and the whole 9 yards. the one that gets me frustrated is anaheim. the happiest place on earth is based there. disneyland, how can that be an unfriendly city? >> have you been outside of disneyland? >> anaheim is beautiful. >> anaheim has a gang problem. a lot of these other cities have gang -- >> anaheim has a disneyland problem. the happiest place on earth if you want to die a slow death while getting melanoma in a line for a ride you don't want to go on. >> i'm sorry. happy children, happy mom. >> the last i checked disney owns abc. i will say whatever i want. >> i like disney. >> right? happy kids, happy mom. >> unfortunately i am not allowed in disney after what happened on the tea cup. >> i will tell you something, lori rothman, walt disney did not like you. >> that's not true. >> learn your history. go and ask his frozen head. not a fan of the jews. it's tr
. >> detroit deserves to have unfriendly residents right now. i don't even think it has to do with politics. it has to do with -- well. it has to do with politics. the city is bankrupt and the whole 9 yards. the one that gets me frustrated is anaheim. the happiest place on earth is based there. disneyland, how can that be an unfriendly city? >> have you been outside of disneyland? >> anaheim is beautiful. >> anaheim has a gang problem. a lot of these other cities have...
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Aug 17, 2013
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cities can learn from detroit's bankruptcy. across the country, state and knew miss pal pensions are underfunded by more than a trillion dollars. no new york, david lee miller, fox news. >> money, money, money. we're going to keep talking about it. and back to children and how much they cost. >>> apparently they cost a bundle. a new study finds that raising kids is more expensive than ever. coming up, we'll show you ways to actually save big bucks on bringing up your little ones. >>> and egypt coming apart at the seams. what the chaos in the heart of the arab world means for those of is here us here in the unite. , i just think it's better to work with someone. someone you feel you can really partner with. unfortunately, i've found that some brokerage firms don't always encourage that kind of relationship. that's why i stopped working at the old brokerage, and started working for charles schwab. avo: what kind of financial consultant are you looking for? talk to us today. accomplishing even little things can become major victor
cities can learn from detroit's bankruptcy. across the country, state and knew miss pal pensions are underfunded by more than a trillion dollars. no new york, david lee miller, fox news. >> money, money, money. we're going to keep talking about it. and back to children and how much they cost. >>> apparently they cost a bundle. a new study finds that raising kids is more expensive than ever. coming up, we'll show you ways to actually save big bucks on bringing up your little ones....
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so the excuse that the government can't help detroit continues to funnel billions of dollars and other countries doesn't quite add up you see the people that create the wealth in this country deserve a piece of the pie and that should be top priority. these days it seems that big brother is really it's ugly head around every corner of the planet invading nearly every aspect of our lives and well two thousand and twelve saw an unprecedented growth in technology capable of dropping needs in the most innocuous of places two thousand and thirteen is proving to be even worse but whenever something has the ability to be used as a spine device it's also vulnerable to being hacked so to go over the vast reach of big brother today i'm joined now by b.t.s. producer emmanuel got off a low man but a lot. of those crazy. drop in papers so let's talk about networks because i think this is probably the biggest revelation in the wake of the n.s.a. leaks and just realizing how expansive the spying grid really is not just across america but across the world just i mean absolutely that's what we were lea
so the excuse that the government can't help detroit continues to funnel billions of dollars and other countries doesn't quite add up you see the people that create the wealth in this country deserve a piece of the pie and that should be top priority. these days it seems that big brother is really it's ugly head around every corner of the planet invading nearly every aspect of our lives and well two thousand and twelve saw an unprecedented growth in technology capable of dropping needs in the...
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Aug 20, 2013
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martha: well there are almost 50 unions in the city of detroit and detroit is said to have long-term liabilities and debt of at least $18 billion. that includes $3.5 billion of unfunded pensions in the city as well as $5.7 billion in unfunded health benefits. the rest is owed to bondholders and other unsecured creditors. detroit's population is plummeting. since 2000, the city has lost more than 55 residents every single day. all of that adds up to a huge amount of problem in bankruptcy that detroit is seeing and a lesson for many other american cities as well. we're just getting started. we have a busy morning on this tuesday. we're glad you're with us today. this is coming up. this young man served our country. then he was told he was not allowed to play college football when he got back from the marines. we have new developments in this american hero's effort to get on the gridiron. >>> new claims sensitive information connected to the edward snowden leaks has been destroyed. who ordered that and why? >>> state department workers placed on leave after the benghazi terror attack re
martha: well there are almost 50 unions in the city of detroit and detroit is said to have long-term liabilities and debt of at least $18 billion. that includes $3.5 billion of unfunded pensions in the city as well as $5.7 billion in unfunded health benefits. the rest is owed to bondholders and other unsecured creditors. detroit's population is plummeting. since 2000, the city has lost more than 55 residents every single day. all of that adds up to a huge amount of problem in bankruptcy that...
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are facing near poverty that's four out of five adults struggling to make ends meet and just look at detroit which recently filed the largest municipal bankruptcy in u.s. history that it close to twenty billion dollars and yet all we hear is that there is nothing the government can do to help restore american cities if it means public employees losing their pensions or an indefinite and the basic public services and look don't get me wrong i'm not suggesting that american taxpayers should be bailing out every city that files for chapter nine what i am saying though is that the government's priorities are completely out of whack remember when we were told that bailing out the largest corporations in financial institutions that caused the great recession was necessary to save. the economy well we were hoodwinked because not only was that completely untrue but the seven hundred billion dollars so-called rescue was actually more like twelve point eight trillion according to bloomberg so where all the money really go here's rep alan grayson asking for much fed chairman ben bernanke to account for
are facing near poverty that's four out of five adults struggling to make ends meet and just look at detroit which recently filed the largest municipal bankruptcy in u.s. history that it close to twenty billion dollars and yet all we hear is that there is nothing the government can do to help restore american cities if it means public employees losing their pensions or an indefinite and the basic public services and look don't get me wrong i'm not suggesting that american taxpayers should be...
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friendly houses good work habitat for humanity the bass brothers is a big black cloud hanging over detroit and no it's not the city's pending bankruptcy proceedings it's waste from the alberta tar sands every day koch industries purchases tons upon tons of high petroleum high sulfur petroleum coke the high carbon isotope of control and go left over from the tar sands oil extraction and ships it down the great lakes storing it at a port along the detroit river as you can see in this video wind often blows the coke off cross the river and into the surrounding neighborhoods as if detroit didn't already have enough problems now it has solidified our ways sans it whipping through its streets great job koch brothers and a very very ugly the hunger games can a day camp in largo florida has a great idea for summertime fun for kids a fight to the death at the end of every week counselors gather their campers together and organize them into teams the counselors then order the teams to hunt arrivals down and kill them the game is based on the popular movie the hunger games that parents and educators
friendly houses good work habitat for humanity the bass brothers is a big black cloud hanging over detroit and no it's not the city's pending bankruptcy proceedings it's waste from the alberta tar sands every day koch industries purchases tons upon tons of high petroleum high sulfur petroleum coke the high carbon isotope of control and go left over from the tar sands oil extraction and ships it down the great lakes storing it at a port along the detroit river as you can see in this video wind...
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could find a better job they wouldn't be at mcdonald's and many people are in you know flint michigan detroit michigan downtown in manhattan and you know they wish they had a job because a lot of these people have families and like you said these are not kids these are not seventeen year old kids like in the old days i worked there for the summer that's not what's going on today it's completely different these people are adults many of them have children they want health care they need to have a job and they're willing to work forty hours and what do we run run into with mcdonald's and they say well you can work twenty one hours you can work twenty will schedule for twenty one hours just enough that you can't survive and even in forty hours you couldn't make it you know at eight nine ten dollars an hour you can't live on four hundred dollars a month you can't support a family by the time you do the deed auction you're getting three hundred dollars so what's wrong is we should have a higher minimum wage in australia it's sixteen dollars is your economy so different than ours and the answer is
could find a better job they wouldn't be at mcdonald's and many people are in you know flint michigan detroit michigan downtown in manhattan and you know they wish they had a job because a lot of these people have families and like you said these are not kids these are not seventeen year old kids like in the old days i worked there for the summer that's not what's going on today it's completely different these people are adults many of them have children they want health care they need to have...
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we should compare chicago of today to detroit of today, we should prepare chicago today to detroit of 20, 30 years ago and this is the fulcrum point for this mayor. is he going to take on the public employee unions, nine out of ten city workers are unionized? his political power comes from the unionized work force. the trick the mayor is, how does he take down his political face and cut expenditures and 78% of the budget spending. >> right, i want your judgment because he's got to get, i mean, serious concessions from those unions. he just got to do it otherwise, they're -- i mean, they really are in deep trouble. so, my question. >> right. stuart: can he do it? could he get the concessions from his own base and get them to give back a ton of money? can he do it? >> i think he can get some of it. he's going to try to convince the union leaders and rank and file that they have to take a hair cut and never get enough money from the state of illinois, from the country and the federal government is also broke and there's just no money and no appetite for a bailout of chicago let alone det
we should compare chicago of today to detroit of today, we should prepare chicago today to detroit of 20, 30 years ago and this is the fulcrum point for this mayor. is he going to take on the public employee unions, nine out of ten city workers are unionized? his political power comes from the unionized work force. the trick the mayor is, how does he take down his political face and cut expenditures and 78% of the budget spending. >> right, i want your judgment because he's got to get, i...